Delaware Life Insurance Provides $400MM Credit Facility to Fundamental Renewables

Fundamental Renewables, a provider of financing for solar and other renewable energy projects, secured a $400 million credit facility. Delaware Life Insurance Company, a Group 1001 company, acted as the arranger of the facility and is a lead lender.

September 16, 2022 Andrew Kenney | CDPQ American Fixed Income V | Delaware Life Insurance Company | East West Bank | Fundamental Renewables | Joseph Weingarten | Marc Cormier | Ryan Keane Ian Koplin

East West Bank Extends LiveOne’s $7MM Secured Revolving Credit Facility

LiveOne, a creator-first, music, entertainment and technology platform, and East West Bank, have extended LiveOne’s $7 million secured revolving credit facility until June 2024 year.

August 5, 2022 East West Bank | LiveOne | Robert Ellin Ian Koplin

Cross River Partners, LSQ and Utica Leaseco Support Enservco’s Refinancing

Enservco retired its $13.8 million senior revolving credit facility with East West Bank via a refinancing transaction that includes a $10 million receivables factoring line from LSQ, a $6.22 million master equipment lease from Utica Leaseco and the issue of a $1.2 million convertible subordinated note to Cross River Partners.

March 29, 2022 Cross River Partners | East West Bank | ENSERVCO | LSQ | Rich Murphy | Utica Leaseco Ian Koplin

East West Bank Provides $12MM Revolving LOC to NewAge

NewAge entered into a $12 million revolving line of credit agreement with East West Bank that will mature in March 2024. NewAge used this facility to repay in full its existing outstanding loan balance of $10.6 million under its 8% senior secured note with JGB Management. 

March 15, 2022 East West Bank | Ed Brennan | JGB Management | NewAge Ian Koplin

Barclays and East West Bank Provide $135MM of $175MM Financing Package for Drip Capital

Drip Capital, a digital cross-border trade finance platform for small and medium businesses, raised $175 million in fresh capital to power its next phase of growth. The funds include $135 million in warehouse debt facilities from Barclays Investment Bank and East West Bank.

October 28, 2021 Accel | Alex Bangash | Barclays Investment Bank | Drip Capital | East West Bank | GC1 Holdings | Irongrey | Karl Boog | Pushkar Mukewar | Sequoia | Wing VC Ian Koplin

Citizens Leads Syndicate Providing $125MM Senior Credit Facility to SageSure

SageSure secured $125 million in bank financing. The syndicated facility is led by Citizens is leading the syndicated facility with ING Group, BMO Harris and East West Bank serving as joint lead arrangers.

September 24, 2021 BMO Harris | Citizens | East West Bank | ING Group | Peter Wesemeier | SageSure | Terry McLean Ian Koplin

East West Bank Provides $30MM Credit Facility to Pasadena Private Finance

Pasadena Private Finance closed on a $30 million senior credit facility with East West Bank. The facility has a maturity of three years, is priced at LIBOR/SOFR plus 3.25% and allows for up to a 65% advance rate on Pasadena Private Finance’s loan portfolio.

September 2, 2021 Andrew Stein | East West Bank | Iain Whyte | Michael McAdams | Pasadena Private Finance Phil Neuffer

ING Provides $225MM Star Mountain Capital Asset-Based Leverage Facility

Star Mountain Capital closed a $225 million asset-based leverage facility led by ING Capital. The lending group consists of ING, CIT, TIAA Bank, Axos Bank, East West Bank, Georgia Banking Company and Customers Bank.

July 23, 2021 Axos Bank | CIT | Customers Bank | East West Bank | Georgia Banking Company | ING Capital | Star Mountain Capital | TIAA Bank Rita Garwood

East West Bank Provides $7.5MM Journey Medical Enters LOC

Journey Medical, a partner company of Fortress Biotech, entered into an agreement with East West Bank in which EWB will provide a $7.5 million working capital line of credit.

April 5, 2021 East West Bank | Journey Medical Ian Koplin

East West Bank Provides $40MM Warehouse Credit Facility to Drip Capital

Drip Capital, a fintech provider of cross-border trade finance, and East West Bank closed a $40 million committed credit facility for the expansion of Drip’s trade finance solutions to small and medium-sized businesses.

March 26, 2021 Drip Capital | East West Bank | Karl Boog | Kristine H. Pfeilsticker | Pushkar Mukewar Ian Koplin